News review - interest rates in Europe and the USA, China, corporate news of companies
ECB board member Isabel Schnabel said the central bank could cut rates in June but should be cautious about cutting borrowing costs further given the uncertain outlook, Japan's Nikkei newspaper reported.
Traders have priced in 70 basis points for the ECB's rate cuts this year, much more than 46 bps. easing provided by the Fed.
Data this week showed a decline in the US consumer price index (CPI), prompting market participants to quickly assess at least two rate cuts this year. But Fed officials said rates may have to stay higher for longer and a report showing tight labor markets led to...